K1 : Clear understanding of the inter and intra industries trade flows based on appropriate economic analysis.
K2: Critical understanding of alternative international trading frameworks including regionalism, bilateralism and multilaterism trading arrangements.
K3: Critical understanding of trade policies to enhance export and innovation led growth and protectionist policies.
K4: Critical understanding of international payment mechanism, single currency, exchange rate determination, volatility and impact on trade.
S1: To source, collect , analyse and present relevant secondary international trade data to arrive at a conclusion.
S2: Learning to work in small teams to communicate effectively to present selected topics on international trade.
Your assignment should include:
Guidance on submission .
Answer All Parts
Word limit: 3000-3500 words excluding charts, graphs and tables.
a. Explain what you understand by intra-industry trade and critically discuss how this type of trade might be
explained by the concept of internal economies of scale. How might a country’ intra –industry trade be expanded?
b. Use recently published external trade data to carefully examine the extent of intra industry trade between the UK and
(1) the European Union (EU), and ( 2) China. Critically discuss the implications of your analysis for the UK external trade policy.
(c) Discuss the main causes of a significant depreciation and volatility in the pound sterling in recent months, and critically examine their potential impact on the UK export performance.Order Now